EUCLID (Pôle Universitaire Euclide | Euclid University), an international intergovernmental organisation with university mandate, offers to select students from the general public an external (distance or online) degree program called EUCLID DIFE: Ph.D. in Islamic Economics and Finance. It is the only degree program in Islamic Finance organized by an international intergovernmental organisation who is a partner of the Islamic Chamber of Commerce and Industry (now ICCIA) and of the Islamic Development Bank, both OIC institutions. Enrolment is open to Muslims and non-Muslims alike.
This Ph.D. represents at least 90 US credit hours of academic coursework beyond the Bachelor's, in compliance with international standards. It is assumed that students will transfer 35 graduate credits, and the doctoral dissertation counts for 25 credits. As a result, most incoming students are expected to obtain 35 credits during the phase of pre-dissertation coursework. The overall purpose of this Ph.D. is to provide an academically sound and institutional credible path to build on the student's background and experience in Islamic Finance. The Ph.D. is concerned with the philosophical and religious foundations of Islamic Economics and Finance, notably in contrast with the Western model. Students are expected to read a considerable amount of material to acquire a broad understanding of the state of Islamic Finance today, notably in terms of national, regional and global policies.
Applicants must have a Master's degree or its international equivalent, issued by an institution listed in the UNESCO IAU handbook / WHED database. MBA and Diploma or Certification students may be considered since the EUCLID admission process for this program takes into account academic and professional experience. Bridge courses can be required in some cases. Government-sponsored applicants (who are already government staff) may be admitted without a Masters’s degree if their level of education and experience is deemed sufficient. EUCLID may require these participants to complete bridge courses prior to enrolling in the program. Languages: Fluency in English (spoken and written) is required and will be tested. Arabic is not a requirement but students will be expected to absolutely master Islamic Finance terminology in (transliterated) Arabic. Students are expected to be in a position to dedicate 10 to 15 effective hours of study on a weekly basis.
EUCLID has ongoing enrollment (intake) for this program. It is acceptable to apply several months in advance but it is recommended to apply 60-40 days in advance. General public slots are allocated on a first-come, first-served basis.